on ARway Corporation (isin : CA04336A1049)
Nextech3D.ai Expands Revenue with Toggle3D.ai Partnership to Launch AI-Powered 3D Model Marketplace
Nextech3D.ai, known for supplying AI-powered 3D models to leading e-commerce platforms, has announced a significant enhancement to its revenue streams through a strategic partnership with Toggle3D.ai. This collaboration introduces a new AI-driven marketplace with over 200,000 high-quality 3D models available for customization. The models, available in numerous colors and configurations, are priced between $20 and $95, and Nextech3D.ai will earn a 30% royalty on marketplace sales.
Evan Gappelberg, CEO of Nextech3D.ai, stated that after three years and a $20 million investment in AI technologies and 3D cloud hosting platforms, the company is now focusing on monetizing these advanced capabilities. This partnership allows users to tailor purchased models using Toggle3D.ai’s generative AI tools, enhancing the buyer experience with numerous customization options and opening new revenue avenues with these unique models.
The strategic union is set within the broader context of the surging demand for interactive and engaging online shopping experiences facilitated by AI and 3D modeling technologies. These technologies are rapidly transforming e-commerce, offering consumers a more dynamic and personalized shopping journey and driving higher engagement and reduced return rates due to improved product visualization.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all ARway Corporation news